Don't miss this three-unit investment opportunity in Madison Village. Build revenue and net worth in real estate. Long-term tenants, with potential for increases. Ongoing mechanical maintenance and updates. The property has been profitable for the long-term owners. ALSO, First-time homebuyers!! - Here is an opportunity to invest and build equity quickly. 4/5 parking spaces and a large backyard, adjacent a creek. Beyond the creek, even more wooded land and nature space comes with this property. Over 3 acres total in the Village! Close to amenities and convenient to highway. Walking distance to restaurants, parks, school, the Square and social events in the village. Bring your improvement mindset and make this gem even better. Amazing location!
Closed
$175,000
175 E Main St, Madison, OH 44057
6beds
1,948sqft
Triplex, Multi Family
Built in 1915
-- sqft lot
$233,000 Zestimate®
$90/sqft
$1,381 Estimated rent
Home value
$233,000
$205,000 - $263,000
$1,381/mo
Zestimate® history
Owner options
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$1,381/mo
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$1,381/mo
Rent Zestimate®
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$1,205/mo
Est. payment
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$1,205/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Ben Drenik (440)417-2815,
Keller Williams Greater Cleveland Northeast
Bought with:
Mike Warren, 2007000330
Howard Hanna
Max Ungers, 2019000506
Howard Hanna
Source: MLS Now,MLS#: 4506172
Originating MLS: Lake Geauga Area Association of REALTORS
Originating MLS: Lake Geauga Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas, Hot Water, Steam
Cooling
- Window Unit(s)
Appliances
- Laundry: In Unit
Features
- Basement: Finished
Interior area
- Total structure area: 1,948
- Total interior livable area: 1,948 sqft
- Finished area above ground: 1,948
Property
Parking
- Parking features: Unpaved
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3.25 Acres
Details
- Parcel number: 02A006D000030
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Wood Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Common Grounds/Area, Golf, Medical Service, Playground, Park
Location
- Region: Madison
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/3/2024 | Sold | $175,000+3%$90/sqft |
Source:  MLS Now #4506172 Report a problem | ||
| 12/6/2023 | Pending sale | $169,900$87/sqft |
Source: MLS Now #4506172 Report a problem | ||
| 11/25/2023 | Listed for sale | $169,900$87/sqft |
Source: MLS Now #4506172 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,965 +0.1% | $60,660 |
| 2024 | $2,963 -3.1% | $60,660 +16.7% |
| 2023 | $3,058 +19.5% | $51,990 +21.3% |
| 2022 | $2,559 -0.3% | $42,870 |
| 2021 | $2,566 -10.9% | $42,870 |
| 2020 | $2,881 -0.3% | $42,870 |
| 2019 | $2,889 +12.1% | $42,870 +8% |
| 2018 | $2,578 | $39,700 |
| 2017 | $2,578 +8.7% | $39,700 |
| 2016 | $2,373 +3.7% | $39,700 |
| 2015 | $2,287 -2.4% | $39,700 |
| 2014 | $2,343 +6.6% | $39,700 |
| 2013 | $2,197 +0.8% | $39,700 |
| 2012 | $2,180 +1.4% | $39,700 -9% |
| 2011 | $2,149 +2.4% | $43,640 |
| 2010 | $2,098 +0.4% | $43,640 +0% |
| 2009 | $2,090 -5.1% | $43,635 -12% |
| 2008 | $2,204 +3.3% | $49,581 |
| 2007 | $2,133 -50.3% | $49,581 |
| 2006 | $4,291 +2.8% | $49,581 +3.5% |
| 2005 | $4,174 -0.1% | $47,908 |
| 2004 | $4,177 -0.2% | $47,908 |
| 2003 | $4,186 +25.8% | $47,908 +25.2% |
| 2002 | $3,329 -0.1% | $38,255 |
| 2001 | $3,331 -0.6% | $38,255 |
| 2000 | $3,352 +13.9% | $38,255 +15.5% |
| 1999 | $2,942 | $33,121 |
Find assessor info on the county website
Neighborhood: 44057
Nearby schools
GreatSchools rating
- 7/10Red Bird Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Madison Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Madison High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: Madison LSD Lake- 4303
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$233,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$233,000
- Ohio
- Lake County
- Madison
- 44057
- 175 E Main St
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